I leave on purpose these lines as they were in the first edition. All these desiderata are already accomplished facts.

The same remark ought to be made as regards the sociologists, and still more so the economists. What are most of them, including the socialists, doing, but studying chiefly the books previously written and the systems, instead of studying the facts of the economical life of the nations, and the thousands of attempts at giving to agriculture and industry new forms of organisation and new methods which are now made everywhere in Europe and America?

These figures may be computed, for instance, from the data contained in “The Ninth Annual Report of the Commissioner of Labour of the United States, for the year 1893: Building and Loan Associations.” In this country the cost of a workman’s cottage is reckoned at about £200, which would represent 700 to 800 days of labour. But we must not forget how much of this sum is a toll raised by the capitalists and the landlords upon everything that is used in building the cottage: the bricks and tiles, the mortar, the wood, the iron, etc.

“Great Britain’s Capital Investments in Other Lands” (Journal of the Statistical Society,September 1909, vol. lxxii., pp. 475–495), followed by a most interesting discussion; and “ Great Britain’s Capital Investments in India, Colonial and Foreign Countries,” same journal, January 1911, vol. lxxiv., pp.167–200.